Teck posts record profits
Vancouver — Teck Cominco (TEK.SV.B-T, TCKBF-O) posted net earnings of $448 million, or $2.19 per share, for the first quarter of 2006, more than double the net income of $205 million, or $1.01 per sh…
Canada
Falconbridge soars on buoyant base metals
Higher metal prices helped Falconbridge (FAL.LV-T, FAL-N) more than double its earnings during the first three months of 2006….
First Nickel, Jaguar Nickel to merge (May 02, 2006)
Junior Canadian nickel producer First Nickel (FNI-T) and failed Guatemalan nickel explorer Jaguar Nickel (JNI-T) ha…
Cameco’s earnings go nuclear
Increased uranium sales at a higher realized price saw Cameco (CCO-T, CCJ-N) more than quadruple its first quarter …
Cross Lake lines up QR mine dollars
Vancouver – Cross Lake Minerals (CRN-T, CLKMF-O) plans a significant financing, in conjunction with a share consoli…
Eloro cuts zinc at Hurdman (May 01, 2006)
A drilling program by Eloro Resources (ELO-V, ELRRF-O) at the Hurdman property, 25 km north of Smooth Rock Falls, Ont., has intersected zinc-silver mineralization along the strike extension of known m…
Cumberland makes steady gains at Meadowbank
Vancouver — When it comes to developing new mines in Canada’s North, the race is almost never to the swift, but rather to the steady. Cumberland Resources (CLG-T, CLG-X) appears to be making steady p…
Sparring partners approve FalC budget (May 01, 2006)
Despite ongoing legal wrangling, the Fort la Corne (FalC) joint-venture partners have unanimously approved a whopping $43.2-million exploration budget for their 225-sq.-km diamond project, about 60…
Miramar grows Hope Bay resource (May 01, 2006)
Vancouver — A significant resource increase at its Hope Bay gold project, in Nunavut, has Miramar Mining (MAE-T, MNG-X) pumped up about possible expanded development of the deposits….
Conquest cuts gold at King Bay (May 01, 2006)
A 3-hole winter drilling program by Conquest Resources (CQR-V, CQRL-O), at the King’s Bay property in the Sturgeon Lake area of northwestern Ontario, has intersected stockwork gold mineralization….
Nuptials to unite uranium juniors
Vancouver — In a move to create an expanded uranium-focused junior, Bayswater Ventures (BVE-V, BVEVF-O) and Pathfinder Resources (PHR-V, PFDFF-O) have announced plans to merge….
Goldcorp finds buyer for Placer properties
Vancouver — A newly inked deal with Goldcorp (G-T, GG-N) sets the stage for Atlas Cromwell (ACR.H-V, ACRWF-O) to revive the Mount Milligan copper-gold deposit in central British Columbia, one of the…